KRONES AG (KRN.DE) Stock Fundamental Analysis
FRA:KRN - Deutsche Boerse Ag - DE0006335003 - Common Stock - Currency: EUR
KRN gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 104 industry peers in the Machinery industry. While KRN belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. KRN has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year KRN was profitable.
KRN had a positive operating cash flow in the past year.
KRN had positive earnings in 4 of the past 5 years.
In the past 5 years KRN always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.50%, KRN is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
With a decent Return On Equity value of 13.59%, KRN is doing good in the industry, outperforming 77.88% of the companies in the same industry.
KRN's Return On Invested Capital of 11.32% is amongst the best of the industry. KRN outperforms 87.50% of its industry peers.
KRN had an Average Return On Invested Capital over the past 3 years of 9.15%. This is in line with the industry average of 8.40%.
The last Return On Invested Capital (11.32%) for KRN is above the 3 year average (9.15%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.5% | ||
| ROE | 13.59% | ||
| ROIC | 11.32% |
ROA(3y)4.51%
ROA(5y)2.24%
ROE(3y)11.65%
ROE(5y)5.8%
ROIC(3y)9.15%
ROIC(5y)N/A
1.3 Margins
KRN has a Profit Margin of 4.88%. This is in the better half of the industry: KRN outperforms 61.54% of its industry peers.
KRN's Profit Margin has improved in the last couple of years.
KRN has a Operating Margin (6.68%) which is comparable to the rest of the industry.
KRN's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 51.89%, KRN is in the better half of the industry, outperforming 74.04% of the companies in the same industry.
KRN's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.68% | ||
| PM (TTM) | 4.88% | ||
| GM | 51.89% |
OM growth 3YN/A
OM growth 5Y2.88%
PM growth 3YN/A
PM growth 5Y3.94%
GM growth 3Y-0.5%
GM growth 5Y0.78%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), KRN is creating some value.
KRN has about the same amout of shares outstanding than it did 1 year ago.
KRN has about the same amout of shares outstanding than it did 5 years ago.
Compared to 1 year ago, KRN has a worse debt to assets ratio.
2.2 Solvency
KRN has a debt to FCF ratio of 0.01. This is a very positive value and a sign of high solvency as it would only need 0.01 years to pay back of all of its debts.
KRN has a better Debt to FCF ratio (0.01) than 99.04% of its industry peers.
KRN has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.00, KRN belongs to the top of the industry, outperforming 98.08% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Altman-Z | N/A |
ROIC/WACC1.6
WACC7.08%
2.3 Liquidity
KRN has a Current Ratio of 1.34. This is a normal value and indicates that KRN is financially healthy and should not expect problems in meeting its short term obligations.
KRN's Current ratio of 1.34 is on the low side compared to the rest of the industry. KRN is outperformed by 62.50% of its industry peers.
A Quick Ratio of 1.04 indicates that KRN should not have too much problems paying its short term obligations.
KRN's Quick ratio of 1.04 is in line compared to the rest of the industry. KRN outperforms 55.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.04 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.47% over the past year.
KRN shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.22% yearly.
The Revenue has grown by 9.86% in the past year. This is quite good.
The Revenue has been growing slightly by 4.14% on average over the past years.
EPS 1Y (TTM)6.47%
EPS 3YN/A
EPS 5Y8.22%
EPS Q2Q%20.93%
Revenue 1Y (TTM)9.86%
Revenue growth 3Y12.42%
Revenue growth 5Y4.14%
Sales Q2Q%13.22%
3.2 Future
Based on estimates for the next years, KRN will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.44% on average per year.
The Revenue is expected to grow by 8.88% on average over the next years. This is quite good.
EPS Next Y23.68%
EPS Next 2Y20.42%
EPS Next 3Y18.07%
EPS Next 5Y17.44%
Revenue Next Year12.17%
Revenue Next 2Y10.07%
Revenue Next 3Y8.79%
Revenue Next 5Y8.88%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 16.91, KRN is valued correctly.
Based on the Price/Earnings ratio, KRN is valued a bit cheaper than 63.46% of the companies in the same industry.
KRN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 29.35.
KRN is valuated correctly with a Price/Forward Earnings ratio of 12.96.
KRN's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. KRN is cheaper than 64.42% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of KRN to the average of the S&P500 Index (22.10), we can say KRN is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.91 | ||
| Fwd PE | 12.96 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as KRN.
63.46% of the companies in the same industry are more expensive than KRN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.34 | ||
| EV/EBITDA | 7.59 |
4.3 Compensation for Growth
KRN's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
KRN has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as KRN's earnings are expected to grow with 18.07% in the coming years.
PEG (NY)0.71
PEG (5Y)2.06
EPS Next 2Y20.42%
EPS Next 3Y18.07%
5. Dividend
5.1 Amount
KRN has a Yearly Dividend Yield of 1.60%.
Compared to an average industry Dividend Yield of 2.63, KRN has a dividend in line with its industry peers.
Compared to the average S&P500 Dividend Yield of 2.33, KRN is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.6% |
5.2 History
The dividend of KRN has a limited annual growth rate of 0.58%.
Dividend Growth(5Y)0.58%
Div Incr Years2
Div Non Decr Years3
5.3 Sustainability
KRN pays out 27.87% of its income as dividend. This is a sustainable payout ratio.
KRN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP27.87%
EPS Next 2Y20.42%
EPS Next 3Y18.07%
FRA:KRN (3/7/2025, 7:00:00 PM)
133.6
-4 (-2.91%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners22.66%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap4.22B
Analysts77.78
Price Target150.3 (12.5%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.6% |
Yearly Dividend1.75
Dividend Growth(5Y)0.58%
DP27.87%
Div Incr Years2
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)17.58%
Min EPS beat(2)-18.73%
Max EPS beat(2)53.89%
EPS beat(4)2
Avg EPS beat(4)6.46%
Min EPS beat(4)-18.73%
Max EPS beat(4)53.89%
EPS beat(8)5
Avg EPS beat(8)8.47%
EPS beat(12)9
Avg EPS beat(12)14.69%
EPS beat(16)12
Avg EPS beat(16)-8.67%
Revenue beat(2)2
Avg Revenue beat(2)0.87%
Min Revenue beat(2)0.08%
Max Revenue beat(2)1.67%
Revenue beat(4)2
Avg Revenue beat(4)-0.43%
Min Revenue beat(4)-1.9%
Max Revenue beat(4)1.67%
Revenue beat(8)4
Avg Revenue beat(8)0.24%
Revenue beat(12)7
Avg Revenue beat(12)0.81%
Revenue beat(16)9
Avg Revenue beat(16)0.6%
PT rev (1m)0.39%
PT rev (3m)0.63%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.39%
EPS NY rev (1m)-1.43%
EPS NY rev (3m)-3.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.07%
Revenue NY rev (1m)-0.41%
Revenue NY rev (3m)-0.17%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.91 | ||
| Fwd PE | 12.96 | ||
| P/S | 0.83 | ||
| P/FCF | 14.34 | ||
| P/OCF | 8.88 | ||
| P/B | 2.3 | ||
| P/tB | 3.33 | ||
| EV/EBITDA | 7.59 |
EPS(TTM)7.9
EY5.91%
EPS(NY)10.31
Fwd EY7.72%
FCF(TTM)9.32
FCFY6.97%
OCF(TTM)15.05
OCFY11.27%
SpS161.76
BVpS58.08
TBVpS40.11
PEG (NY)0.71
PEG (5Y)2.06
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.5% | ||
| ROE | 13.59% | ||
| ROCE | 15.13% | ||
| ROIC | 11.32% | ||
| ROICexc | 13.09% | ||
| ROICexgc | 18.47% | ||
| OM | 6.68% | ||
| PM (TTM) | 4.88% | ||
| GM | 51.89% | ||
| FCFM | 5.76% |
ROA(3y)4.51%
ROA(5y)2.24%
ROE(3y)11.65%
ROE(5y)5.8%
ROIC(3y)9.15%
ROIC(5y)N/A
ROICexc(3y)12.41%
ROICexc(5y)N/A
ROICexgc(3y)16.71%
ROICexgc(5y)N/A
ROCE(3y)12.24%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y7.64%
ROICexc growth 3YN/A
ROICexc growth 5Y5.78%
OM growth 3YN/A
OM growth 5Y2.88%
PM growth 3YN/A
PM growth 5Y3.94%
GM growth 3Y-0.5%
GM growth 5Y0.78%
F-Score6
Asset Turnover1.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.01 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 103.57% | ||
| Cap/Sales | 3.55% | ||
| Interest Coverage | 26.02 | ||
| Cash Conversion | 92.14% | ||
| Profit Quality | 118.07% | ||
| Current Ratio | 1.34 | ||
| Quick Ratio | 1.04 | ||
| Altman-Z | N/A |
F-Score6
WACC7.08%
ROIC/WACC1.6
Cap/Depr(3y)84.83%
Cap/Depr(5y)80.1%
Cap/Sales(3y)3.05%
Cap/Sales(5y)3.25%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)6.47%
EPS 3YN/A
EPS 5Y8.22%
EPS Q2Q%20.93%
EPS Next Y23.68%
EPS Next 2Y20.42%
EPS Next 3Y18.07%
EPS Next 5Y17.44%
Revenue 1Y (TTM)9.86%
Revenue growth 3Y12.42%
Revenue growth 5Y4.14%
Sales Q2Q%13.22%
Revenue Next Year12.17%
Revenue Next 2Y10.07%
Revenue Next 3Y8.79%
Revenue Next 5Y8.88%
EBIT growth 1Y21.89%
EBIT growth 3YN/A
EBIT growth 5Y7.14%
EBIT Next Year80.14%
EBIT Next 3Y31.77%
EBIT Next 5Y21.58%
FCF growth 1Y11.86%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y25.33%
OCF growth 3Y-24.66%
OCF growth 5Y-15.29%